Skip to comments.Trump administration will put steel and aluminum tariffs on Canada, Mexico and the EU
Posted on 05/31/2018 6:55:51 AM PDT by GIdget2004
The Trump administration will put tariffs on steel and aluminum imports from Canada, Mexico and the European Union, the latest action in a string of protectionist policies to crack down on alleged trade abuses.
The tariffs of 25 percent on steel imports and 10 percent on aluminum imports will take effect at midnight Thursday, Commerce Secretary Wilbur Ross told reporters. The U.S. gave those allies a reprieve from those duties, but the exemptions were set to expire Friday. The Trump administration will place quotas or volume limits on other countries such as South Korea, Argentina, Australia and Brazil instead of tariffs, he said.
The U.S. expects the EU to retaliate to the trade measures. The actions come as the U.S. tries to strike a revised North American Free Trade Agreement deal with Canada and Mexico, and settle other trade concerns with the EU.
"We look forward to continued negotiations both with Canada and Mexico on the one hand, and with the European Commission on the other hand, because there are other issues that we also need to get resolved," Ross aid.
The Trump administration move is only its latest in a series of actions targeting foreign countries' trade practices. Trump has repeatedly promised to crack down on trade practices that he says harm American companies and workers.
(Excerpt) Read more at cnbc.com ...
Canada and Mexico are both conduits for Chinese/Asian parts that are relabeled “Canadian” or “Mexican” on arrival in these so-called “friendly” neighboring countries.
We’re all gonna die!!!
Time to take our troops out of Germany.
“Time to take our troops out of Germany.”
I wonder if that’s part of the long-range plan, too? If the talks with Da Norks go as planned, we may be able to pull our troops from a lot of places in the world - saving billions, and/or redirecting that $ to a meaner, leaner, better equipped military?
I mean, for starters - how many Navy ships were damaged/blown up thanks to 0bama’s ‘Gay Captains First, Qualified Second’ idiotic policies? ;)
I TRY not to plan too far ahead - but with PDJT everything he does has a YUGE ripple-effect.
Be careful. The Trump admin makes big announcements then grants waivers later. I’m skeptical now of these PR statements.
Winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning, winning.
And did I say, WINNING!
-——The U.S. expects the EU to retaliate to the trade measures.-—
Fiat is killing Chrysler tomorrow
Can you say, “Bargaining and negotiating tactics?”
But if this tariff takes effect, it will cost more jobs in this country than it creates, and not by a narrow margin, either.
How about some reliably sourced facts?
A little pain now for great rewards later is a solid negotiating principle. This administration understands that and in typical Trump fashion you demand 100 and hold the line when your goal is really to obtain 50.
This is not happening in a vacuum as constantly discussed on the media. There are many negotiations in play on a variety of subjects and Trump has tied trade into the equation to increase our position. We are the biggest client so we have an upper hand and the administration has been quick to settle for more favorable terms after each announcement. Winning.
Chrysler is gone.
Fiat not importing to US, They are junk anyway.
Already having a huge effect:
China Cuts Tariffs Ahead of U.S. Commerce Secretarys Visit to Beijing
The G7 summit is June 8th in Canada. Will be interesting to see Merkel and Trudeau interact with Trump.
But if this tariff takes effect, it will cost more jobs in this country than it creates, and not by a narrow margin, either."
Trump's opening gambit is never his final position. What starts out as a tariff is in reality an invitation to come to the negotiating table. If his opening stance seems drastic, that is by design because its severity insures that your opponent will be motivated to seek relief. He clearly is a student of Sun Tzu and believes in always leaving his opponent an honorable route of retreat. So the ideal outcome of the negotiations also must include leaving to the opponent some small victory they can show to the folks back home to support their claim that they didn't get raped by Trump. The net result of engineering a "Win-Win" business deal is the cultivation of a trading partner who is eager to deal with him again.
A good friend of mine owns his own business installing commercial overhead doors and he specializes in building heavy loading docks with mechanical truck trailer restraints. Everything is steel. His quotes have been all over the place this spring already.
The EU is our biggest enemy. Mexico 2nd.
Hand wringers wringing hands! Fainting all around! Dogs and cats, living together!
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